Can I retire at age 58 with 18,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,429,804
2 years$748,117$734,184$720,681$707,589$694,889$665,335
3 years$493,791$479,798$466,328$453,359$440,866$412,142
4 years$366,652$352,702$339,368$326,620$314,430$286,757
5 years$290,389$276,523$263,363$250,875$239,024$212,483
6 years$239,564$225,802$212,837$200,627$189,132$163,749
7 years$203,274$189,628$176,868$164,946$153,815$129,597
8 years$176,069$162,546$149,998$138,369$127,604$104,544
9 years$154,921$141,526$129,193$117,860$107,461$85,543
10 years$138,012$124,748$112,634$101,597$91,562$70,766
11 years$124,187$111,056$99,161$88,419$78,747$59,045
12 years$112,674$99,678$88,003$77,556$68,240$49,606
13 years$102,940$90,079$78,625$68,470$59,507$41,908
14 years$94,604$81,880$70,645$60,780$52,163$35,566
15 years$87,386$74,799$63,783$54,205$45,929$30,298
16 years$81,076$68,626$57,828$48,535$40,592$25,891
17 years$75,514$63,202$52,621$43,608$35,992$22,184
18 years$70,576$58,402$48,037$39,300$32,002$19,050
19 years$66,163$54,126$43,975$35,511$28,524$16,390
20 years$62,196$50,297$40,358$32,162$25,478$14,123
21 years$58,611$46,849$37,122$29,189$22,800$12,187
22 years$55,357$43,732$34,214$26,539$20,437$10,529
23 years$52,390$40,902$31,590$24,170$18,346$9,105
24 years$49,675$38,322$29,216$22,044$16,489$7,881
25 years$47,180$35,964$27,059$20,132$14,838$6,826
26 years$44,881$33,800$25,096$18,408$13,365$5,916
27 years$42,756$31,810$23,304$16,849$12,050$5,130
28 years$40,787$29,974$21,664$15,437$10,873$4,451
29 years$38,956$28,277$20,160$14,156$9,818$3,864
30 years$37,251$26,705$18,779$12,992$8,871$3,355
31 years$35,659$25,245$17,507$11,932$8,020$2,914
32 years$34,169$23,887$16,334$10,966$7,255$2,531
33 years$32,773$22,621$15,251$10,084$6,566$2,200
34 years$31,461$21,440$14,250$9,278$5,945$1,912
35 years$30,227$20,335$13,323$8,541$5,384$1,662
36 years$29,065$19,301$12,463$7,866$4,878$1,445
37 years$27,967$18,332$11,665$7,248$4,421$1,257
38 years$26,930$17,422$10,924$6,680$4,008$1,093
39 years$25,949$16,566$10,235$6,160$3,635$950
40 years$25,019$15,761$9,593$5,681$3,297$827
41 years$24,137$15,003$8,995$5,242$2,991$719
42 years$23,299$14,289$8,438$4,838$2,714$626
43 years$22,502$13,614$7,918$4,466$2,463$544
44 years$21,743$12,977$7,432$4,123$2,236$474
45 years$21,020$12,375$6,978$3,808$2,030$412
46 years$20,331$11,805$6,554$3,517$1,843$358
47 years$19,673$11,266$6,158$3,250$1,674$312
48 years$19,044$10,755$5,786$3,003$1,520$271
49 years$18,443$10,270$5,439$2,775$1,380$236
50 years$17,867$9,810$5,113$2,565$1,254$206

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $18,300,000, adding $6,079 every year, while hoping to spend $29,927 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 54/36/10 Blend
57$18,300,000$18,300,000$18,300,000$18,300,000
58$20,172,870$19,202,970$18,919,320$21,211,116
59$22,198,661$20,112,074$19,521,276$22,825,049
60$24,430,080$21,064,720$20,142,393$24,576,948
61$26,888,068$22,063,012$20,783,284$26,482,957
62$29,595,704$23,109,153$21,444,577$28,557,707
63$32,578,418$24,205,453$22,126,922$30,817,272
64$35,864,233$25,354,337$22,830,991$33,279,311
65$39,484,030$26,558,345$23,557,474$35,963,233
66$43,471,839$27,820,141$24,307,087$38,890,367
67$47,865,157$29,142,519$25,080,566$42,084,160
68$52,705,309$30,528,408$25,878,670$45,570,386
69$58,037,830$31,980,880$26,702,185$49,377,385
70$63,912,901$33,503,155$27,551,920$53,536,318
71$70,385,817$35,098,611$28,428,711$58,081,453
72$77,517,517$36,770,788$29,333,418$63,050,478
73$85,375,148$38,523,401$30,266,932$68,484,847
74$94,032,709$40,360,344$31,230,171$74,430,160
75$103,571,745$42,285,700$32,224,081$80,936,583
76$114,082,114$44,303,751$33,249,639$88,059,307
77$125,662,842$46,418,987$34,307,854$95,859,060
78$138,423,051$48,636,117$35,399,766$104,402,665
79$152,482,994$50,960,078$36,526,450$113,763,656
80$167,975,185$53,396,048$37,689,012$124,022,962
81$185,045,656$55,949,456$38,888,596$135,269,651
82$203,855,331$58,625,998$40,126,382$147,601,757
83$224,581,546$61,431,643$41,403,587$161,127,191
84$247,419,723$64,372,653$42,721,466$175,964,740
85$272,585,216$67,455,594$44,081,317$192,245,170
86$300,315,344$70,687,353$45,484,476$210,112,443
87$330,871,626$74,075,151$46,932,324$229,725,056
88$364,542,260$77,626,561$48,426,284$251,257,513
89$401,644,832$81,349,525$49,967,827$274,901,958
90$442,529,324$85,252,370$51,558,467$300,869,958
91$487,581,410$89,343,831$53,199,771$329,394,481
92$537,226,103$93,633,068$54,893,353$360,732,070
93$591,931,763$98,129,687$56,640,878$395,165,236
94$652,214,522$102,843,760$58,444,067$433,005,102
95$718,643,152$107,785,853$60,304,692$474,594,305
96$791,844,440$112,967,046$62,224,585$520,310,206
97$872,509,098$118,398,957$64,205,634$570,568,420
98$961,398,292$124,093,772$66,249,789$625,826,703
99$1,059,350,822$130,064,271$68,359,061$686,589,243
100$1,167,291,042$136,323,856$70,535,526$753,411,380